Two separate studies of the backgrounds of new CEOs came to one notable and perhaps surprising conclusion: Boards are hiring internal candidates for a record share of CEOs at American companies.
While the majority of private companies understand the value of incentive-based compensation, most still fail to harness their potential, according to Chief Executive’s recent CEO and Senior Executive Compensation Report for Private Companies.
Despite the frenzied rise in shareholder activism that challenges the decisions of long-sitting board members individually and collectively, a new study of tenures shows most large companies increasingly are governed by long-sitting board members.
With all the attention the CEO-employee wage gap has gotten over the last year, it’s no wonder that some Boards are starting to reduce CEO pay when they agree that it’s appropriate.
Corporate board performance, and board governance, are experiencing more scrutiny today than ever before. Whether it’s by activist shareholders, proxy advisors or government regulators, each has their own agenda and set of recommendations for improvement or change.
The number of hours and days that directors dedicate to board work is increasing, according to a recent McKinsey survey. Since 2011, the gap between the number of days directors spent on board work averaged 28 per year, while they wished they would spend about 38 to fulfill their responsibilities. Today, survey results show, directors are spending about 33, sho they are edging close to their ideal amount of days.
Here’s a governance test question to pose to your board: When should you start a CEO succession plan? Correct answer: The day a new CEO takes office. The point, of course, is that it’s never too soon to start planning for a leadership transition. As dramatic as that may sound, it’s actually a fundamental truth, one borne out by anecdotal evidence on a regular basis.
Watch out for these five warning signs that you’re in danger of being thrown overboard.
Foursquare’s CEO Dennis Crowley is stepping down and will be replaced by Jeff Glueck, who joined as COO in 2014, the company said on Thursday. The shuffle makes Crowley the full-time executive chairman and is intended to boost the company’s advertising and enterprise businesses, according to Forbes.
In a modern economy dominated by all things digital, it’s imperative that the people in charge of the data that comes from the customer value chain and the people who are selling the goods and services to those customers are in full alignment. But according to a new study, in most companies, connections between these two C-suite executives is weak at best.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
